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Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

IndianStartupNews

IndianStartupNews · 1y ago

Sustainable packaging startup Fibmold raises $10M led by Omnivore, Accel

Fibmold, a sustainable packaging startup, has raised $10 million in a funding round led by Omnivore and Accel. The company specializes in producing eco-friendly molded fiber packaging products made from natural fibers such as bamboo and wheat straw. With increasing environmental challenges posed by plastic waste, Fibmold aims to provide sustainable packaging solutions and encourage the transition from single-use plastics. The funding will help Fibmold expand its operations and accelerate the growth of the sustainable materials industry in India.

Related News

Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Economic Times

Economic Times · 1y ago

Eco-friendly packaging firm Cirkla raises $3 million in funding from Matrix Partners, Stellaris Venture

Cirkla, a US-based sustainable packaging company, has secured $3 million in a pre-seed funding round led by Matrix Partners India and Stellaris Venture Partners. The startup, founded earlier this year, offers eco-friendly packaging solutions to brands, helping them evaluate the environmental impact of packaging and create sustainable alternatives. Cirkla plans to use the funds to expand operations, enhance its salesforce, and invest in innovative technologies. The company aims to capitalize on the growing sustainable packaging sector, projected to exceed $500 billion by 2030. It follows a three-step strategy, including evaluating brand portfolios, creating designs, and managing global distribution.

Sustainable packaging startup Bambrew raises ₹60 crore funding

Thehindubusinessline

Thehindubusinessline · 1y ago

Sustainable packaging startup Bambrew raises ₹60 crore funding

Clean-tech startup Bambrew has secured INR 60 crore in a Series A funding round led by Blume Ventures. The company aims to provide sustainable packaging solutions to combat single-use plastics in the packaging industry. The funding will be used to expand into primary packaging for FMCG and food and beverage categories, as well as invest in manufacturing capabilities, research and development, and team growth. Bambrew has already saved over 60,000 tons of single-use plastic and 125,000 tons of CO2 emissions. The global market for sustainable packaging is expected to grow at a CAGR of 6.5% between 2023 and 2030.

Cleantech startup Bambrew raises Rs 60Cr in a Series A round led by Blume Ventures, others

IndianStartupNews

IndianStartupNews · 1y ago

Cleantech startup Bambrew raises Rs 60Cr in a Series A round led by Blume Ventures, others

Cleantech startup Bambrew has raised Rs 60 crore in a Series A funding round led by Blume Ventures. The company offers eco-friendly packaging solutions made from natural materials like bamboo, sugarcane, and seaweed. Its products can decompose within 130 days and have already saved over 60,000 tons of single-use plastic and reduced CO2 emissions by more than 125,000 tons. With the new funding, Bambrew plans to expand its primary packaging offerings for the FMCG and food and beverage sectors, enhance manufacturing capabilities, and scale up its team. The investment is seen as a reflection of the increasing demand for sustainable packaging solutions.

Ukhi Raises 1.2 Million in Pre-Seed Funding

Entrackr

Entrackr · 8m ago

Ukhi Raises 1.2 Million in Pre-Seed Funding

Biomaterials startup Ukhi has secured $1.2 million in a pre-seed funding round. The funding round combines equity investment led by 100Unicorns, along with participation from Venture Catalysts and angel investor Avtar Monga, alongside debt funding from SIDBI (Small Industries Development Bank of India). The Delhi-based company had previously raised $69.6K in an angel round. The fresh capital will be utilized to scale its production capabilities, advance its materials research, and expand its sustainable packaging solutions globally, Ukhi said in a press release. Co-founded in 2019 by Priyanka Chauhan, Vishal Vivek, and Sundeep Kumar Tyagi, Ukhi focuses on developing biodegradable biomaterials from agricultural residues. The company aims to empower the packaging industry with its patented, sustainable materials, contributing to the bioeconomy and helping industries transition to eco-friendly practices, fostering a circular economy in the process. It claims to have operations in Haryana and Uttarakhand. According to Ukhi, it has developed a compostable biomaterial that serves as the foundation for sustainable packaging products. The company's patent-pending technology leverages lignocellulosic agricultural residues to create scalable, sustainable materials that offer a viable alternative to traditional plastics. The startup aims to create impacts such as reducing plastic pollution, preventing crop burning, and advancing the circular economy. Ukhi aspires to create an impact with biodegradable and compostable packaging solutions made from agricultural waste, helping industries reduce their environmental footprint. It intends to help companies across industries transition to sustainable, circular solutions, significantly reducing their carbon footprints while driving industry-wide transformation. It may directly or indirectly compete with other players in this space like Traceless and Advanced Biomaterial Company (previously CIHC).

Accel, Bertelsmann India co-lead Scimplify’s Series B round

VCCircle

VCCircle · 5m ago

Accel, Bertelsmann India co-lead Scimplify’s Series B round

Specialty chemical manufacturing startup Scimplify secured $40 million in a Series B funding round, co-led by Accel and Bertelsmann India Investments, alongside UMI and existing backers like Omnivore. The funds aim to enhance Scimplify’s platform, enabling expansion in 16 countries while bolstering its offerings in life sciences, crop sciences, and industrial chemicals. Founded in 2023, the company integrates scientific expertise and a manufacturing network to streamline global supply chains and offer flexible, cost-efficient production solutions.

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

Entrackr

Entrackr · 1m ago

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital

Bambrew raises Rs 90 Cr led by Ashok Goel and Enrission India Capital Bambrew, the Bengaluru-based meta-material innovation company specializing in sustainable packaging solutions, has raised Rs 90 crore (about $10.3 million) round led by Ashok Goel, former Managing Director of Essel Propack, along with Japanese venture capital firm ENRISSION INDIA CAPITAL. Prior to this, the company had raised $11.8 million from Blume Ventures and others. The proceeds will be utilized to accelerate innovation, scale manufacturing, and expand its presence in global markets including the Middle East and North America, according to a press release by Bambrew. Founded in 2019 by Vaibhav Anant, Bambrew develops planet-positive, high-performance alternatives to single-use plastics using bamboo fiber, agro-waste, seaweed, recycled paper, and other natural resources. Its proprietary materials are home-compostable, durable, and scalable—designed to meet modern commerce demands without environmental compromise. Over the past year, Bambrew has expanded its product portfolio from garment bags and mailer bags to sustainable mango box packaging, reaching customers across sectors like FMCG, e-commerce, personal care, and food and beverages. With solutions such as high-barrier, plastic-free laminates and aluminum-free recyclable films, the company is helping over 500 brands transition away from traditional plastic and foil-based packaging. Bambrew plans to launch its direct-to-consumer (D2C) range, bringing its sustainable material innovation directly to environmentally conscious consumers. The new line of everyday packaging essentials will be available in the marketplace in the coming months. The company aims to achieve a revenue milestone of Rs 120 crore and profitability within the next 12 months. Bambrew also plans to diversify its product portfolio to serve fast-moving sectors like quick commerce and personal care, with a focus on performance-grade packaging materials that are both compostable and recyclable.

Aim Security Raises $10M in Seed Funding

Finsmes · 1y ago

Aim Security, a Tel Aviv-based cybersecurity startup, has secured $10 million in seed funding. Led by YL Ventures and supported by investors from Google, Proofpoint, and Palo Alto Networks, the funding will be used to expand the company's operations and development efforts. Aim Security offers a GenAI security platform that helps enterprises securely adopt artificial intelligence technology without compromising on security. The platform allows security leaders to provide proactive protection for all use cases and ensure the integrity of GenAI tools and third-party applications.

Deep-Tech, Sustainable Material Innovation Company Bambrew Secures ₹90 Crores Funding

StartupTalky

StartupTalky · 1m ago

Deep-Tech, Sustainable Material Innovation Company Bambrew Secures ₹90 Crores Funding

Bambrew, a Bengaluru-based sustainable material innovation company, secured ₹90 crores in funding led by Ashok Goel and ENRISSION INDIA CAPITAL. Founded in 2019, Bambrew specializes in producing compostable packaging alternatives to single-use plastics using natural materials. The funding will support Bambrew's growth, manufacturing scale-up, and global market expansion. With plans to achieve a revenue milestone of ₹120 crore, the company aims to advance sustainable packaging solutions while maintaining high performance and compliance standards.

Moglix's ₹600-cr war chest: What this unicorn is buying before its India IPO

Livemint

Livemint · 1m ago

Moglix's ₹600-cr war chest: What this unicorn is buying before its India IPO

Moglix, a unicorn valued at $2.6 billion, plans to invest ₹500-600 crore in acquisitions, focusing on expanding traditional manufacturing sectors like sustainable packaging. This expansion aligns with its goal to diversify product categories. The Singapore-headquartered company aims to list publicly in India within two years. These strategic initiatives are backed by Accel and reflect Moglix’s commitment to reinforce its presence in the B2B marketplace for industrial tools and equipment.

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

TechCrunch · 1y ago

ControlRooms.ai raises $10M for industrial manufacturing troubleshooting platform

Austin-based startup ControlRooms.ai has secured $10 million in a Series A funding round led by Origin Ventures, along with Amity Ventures, Tokio Marine Future Fund, and others. The company's AI-powered analytics application automates troubleshooting in heavy industries, reducing downtime and improving productivity. Unlike generic AI platforms, ControlRooms.ai's solution is purpose-built for process and operations engineers, enabling users to predict and address potential issues in manufacturing plants. The funding will support product development and expansion in chemical, petrochemical, energy, and materials facilities globally. The startup also plans to incorporate generative AI capabilities for more advanced predictive applications.

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